ACI managing director set to buy 6 lakh shares of his company through bourse
Today, ACI shares are being traded at Tk152.20, which was 1.53% higher from the previous session
The managing director of Advanced Chemical Industries (ACI) Limited, Arif Dowla, has announced plans to purchase six lakh shares of the company.
According to a disclosure made through the Dhaka Stock Exchange (DSE), Arif intends to purchase the shares through the Dhaka bourse at the prevailing market price on the block market within the next 30 days.
Today (9 January), ACI shares closed 2.40% higher at Tk153.50 at the DSE.
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ACI's shareholding structure
The total paid-up capital of ACI is Tk87.63 crore, while the number of shares in circulation is 8.76 crore.
According to the company's monthly shareholding report for last year's December, Arif Dowla owns 37.98 lakh or 4.97% shares in the company.
ACI Limited Chairman Anis Ud Dowla holds 20.07% shares, ACI Foundation 9.26%, Shusmita Anis 1.93%, Investment Corporation of Bangladesh 6.42%, ICB Unit Fund 7.15%, Shanta Holdings Limited 5.37% and the rest are held by the general shareholders, as per the report.
Mixed performance of business segments
ACI Limited reported a pretax loss of Tk155 crore in its retail chain Shwapno, foods, consumer plastics, and healthcare businesses during the July to September quarter of this fiscal year.
The conglomerate, however, achieved a pre-tax profit of Tk130 crore from its pharmaceuticals, animal health, consumer brands, crop care and public health, motors, pure flour, salt, and flexible packaging segments.
These businesses operate under 12 subsidiaries of ACI, where the company holds majority stakes, according to its financial statement.
Earlier, in November, ACI reported that its consolidated losses jumped by 168% to Tk42 crore during the July-September quarter.
According to its unaudited financial statement, its consolidated revenue fell by over 2% to Tk2,971 crore compared to the same period in FY24.
At the end of the September quarter of FY25, its consolidated loss per share stood at Tk5.54, which was Tk2.07 a year ago.
The company paid a 20% cash and 15% stock dividends to its shareholders for the fiscal year 2023-24. During the year, it incurred a loss of Tk139.46 crore, which was 182% higher than the previous year's losses.
